The Financial Crimes Enforcement Network (FinCEN) extended the implementation deadline for its orders prohibiting certain transmittals of funds involving three Mexico-based financial institutions, giving covered financial institutions until October 20, 2025 to implement the restrictions. The June 25, 2025 orders apply to CIBanco S.A., Institución de Banca Múltiple (CIBanco), Intercam Banco S.A., Institución de Banca Múltiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), each of which FinCEN found to be of primary money laundering concern in connection with illicit opioid trafficking under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act. FinCEN linked the extension to steps by the Government of Mexico to address the concerns raised in the orders, including assuming temporary management of the affected institutions to promote regulatory compliance and the prevention of illicit finance. Treasury indicated it will continue coordinating with the Government of Mexico and will consider the facts and circumstances in deciding whether any further extensions to the implementation date are warranted.
Financial Crimes Enforcement Network 2025-08-19
Financial Crimes Enforcement Network extends to 20 October 2025 the deadline for fund transfer prohibitions involving CIBanco, Intercam and Vector
FinCEN extended the deadline to October 20, 2025, for orders prohibiting fund transmittals involving three Mexico-based financial institutions: CIBanco, Intercam, and Vector. These institutions were identified as primary money laundering concerns related to illicit opioid trafficking under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act. The extension is linked to Mexico's efforts to address these concerns, including assuming temporary management of the institutions to enhance regulatory compliance.